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PHEONIX-Arizona’s still one of the most popular places for businesses to relocate, with a staggering 69% more companies moving to the state than leaving it over the past three years, a new study says.

For every one job that has left the state since 1997, three more have been created by companies moving here. The report was compiled by Camp Hill, PA-based Brandow Co. Inc., which publishes economic surveys on business development and relocation trends.

Only New Hampshire had a stronger move-in/move-out ratio. Many of the companies that moved to Arizona over the past few years have cited the state’s talented labor pool, relatively inexpensive land costs and rent, top-notch universities and “tech-friendly” environment.

Kansas ranked third in the survey and Nevada ranked fourth, the Brandow Co. study says. The study covered more than 10 million private-sector companies operating between 1997 and the first half of this year.

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